LADDER CAPITAL CORP - LADR STOCK NEWS

Ladder Capital Corp (NYSE: LADR) reported its Q3 2024 financial results with GAAP income before taxes of $28.5 million and diluted EPS of $0.22. The company achieved distributable earnings of $37.7 million, or $0.30 per share. With $5.4 billion in assets as of September 30, 2024, Ladder successfully closed a $500 million unsecured corporate bond offering, strengthening its liquidity position for new origination opportunities. The company specializes in commercial real estate capital solutions, focusing on senior secured assets and mortgage loans.

Ladder Capital Corp (NYSE: LADR) has announced it will release its third quarter 2024 results on Thursday, October 24, 2024, before the markets open. The company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time on the same day to discuss the financial results.

Investors can access the conference call by dialing (877) 407-4018 domestic or (201) 689-8471 international. An audio replay will be available until midnight on Thursday, November 7, 2024, accessible by calling (844) 512-2921 domestic or (412) 317-6671 international, using access code 13749352. The conference call will also be webcast through Ladder Capital Corp's Investor Relations website at ir.laddercapital.com/event, where a web-based archive will be available.

Ladder Capital Corp (NYSE: LADR) has declared a third quarter 2024 dividend of $0.23 per share for holders of its Class A common stock. The dividend will be paid in cash on October 15, 2024, to stockholders of record as of the close of business on September 30, 2024. This announcement demonstrates Ladder's commitment to providing regular returns to its shareholders, maintaining its dividend distribution policy.

Ladder Capital Corp (NYSE: LADR) reported its Q2 2024 results, with GAAP income before taxes of $31.0 million and diluted EPS of $0.26. Distributable earnings were $40.4 million, or $0.31 per share. CEO Brian Harris highlighted strong returns, low leverage, and a large cash position. The company successfully executed its seventh unsecured corporate bond issuance, receiving positive actions from rating agencies, moving closer to an investment grade credit rating.

Ladder Capital, with $5.0 billion in assets as of June 30, 2024, is a commercial real estate investment trust specializing in underwriting and offering flexible capital solutions. The company focuses on senior secured assets, including originating senior first mortgage loans, owning and operating commercial real estate, and investing in investment grade securities secured by first mortgage loans on commercial real estate.

Ladder Capital Corp (NYSE: LADR) has announced it will release its second quarter 2024 financial results on Thursday, July 25, 2024, before markets open. The company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time on the same day to discuss the results.

Investors can access the conference call by dialing (877) 407-4018 (domestic) or (201) 689-8471 (international). An audio replay will be available until midnight on August 8, 2024, accessible by calling (844) 512-2921 (domestic) or (412) 317-6671 (international) with access code 13747656. Additionally, a webcast of the call will be available through Ladder Capital's Investor Relations website.

Ladder Capital Corp (NYSE: LADR) announced the pricing of a private offering of $500 million in 7.000% Senior Notes due 2031. The sale is expected to complete around July 5, 2024, subject to customary closing conditions. The Notes will be senior unsecured obligations of Ladder and guaranteed by its wholly-owned domestic subsidiaries. The proceeds will be used to repay certain secured debts and for general corporate purposes. Moody’s affirmed Ladder’s Ba1 rating, upgrading the Notes to Ba1, while Fitch and S&P Global Ratings both affirmed and revised their ratings to a positive outlook.

Ladder Capital Corp (NYSE: LADR) has announced a second quarter 2024 dividend of $0.23 per share for holders of its Class A common stock.

This dividend will be paid on July 15, 2024, to shareholders who are on record as of June 28, 2024.

The decision was made by the company's board of directors.

Ladder Capital Corp (NYSE: LADR) reported GAAP income before taxes of $18.4 million and diluted EPS of $0.13 for the quarter ended March 31, 2024. Distributable earnings stood at $42.3 million, with $0.33 of distributable EPS. The company's CEO, Brian Harris, highlighted the strong liquidity position, low leverage, and disciplined credit approach. The board authorized a $75.0 million stock repurchase. A conference call is scheduled for April 25, 2024, to discuss the results.

Ladder Capital Corp (NYSE: LADR) will announce its first quarter 2024 financial results on April 25, 2024. The company will hold a conference call and webcast to discuss the results at 10:00 a.m. Eastern Time. Investors can access the call by dialing (877) 407-4018 (domestic) or (201) 689-8471 (international). An audio replay will be available until May 9, 2024, by calling (844) 512-2921 (domestic) or (412) 317-6671 (international), access code 13745677. The webcast will be accessible through Ladder Capital Corp's Investor Relations website at ir.laddercapital.com/event.